B-School Events

April 04, 2017 @ 01:15 PM

April 04, 2017 @ 01:15 PM

K. J. Somaiya Institute of Management Studies and Research, Mumbai

9 Easy Steps to register for SIMSR (Infographic)

Download Now

XLRI Alumni (Mumbai Chapter) organized the ‘2nd Business Ethics Conference’ in Mumbai.

 
Published : Wednesday, 22 April, 2015 04:23 PM
 
 
‘CORPORATE FRAUDULENT BUSINESS PRACTICES HAVE PRECIPITATED CASH CRISES AND SUBSEQUENT BANKRUPTCIES’

Fr. Ozzie Mascarenhas JRD Tata Chair Professor of Business Ethics at XLRI said at the 2nd Business Ethics Conference organized by XLRI

Ethics a much felt need by Corporate India and the Country at Large, to replace the existing ways of doing business and adopting sustained Ethical ways. With the aim to discuss some of the most pertinent questions related to Ethics and its significance in today’s business scenario , XLRI - Xavier School of Management, one of India’s premier B-Schools, in collaboration with XLRI Alumni (Mumbai Chapter) today organized the ‘2nd Business Ethics Conference’ in Mumbai.
 

 
The event was inaugurated by Fr. E Abraham, S. J. (Director of XLRI), Fr. Ozzie Mascarenhas, S.J. (JRD Tata Chair Professor of Business Ethics at XLRI and founder of XLRI Ethics Research Center - XLERC), and key note address was delivered by Mr. Mukund Rajan (Brand Custodian, Member, and Group Spokesperson - Group Executive Council, Chief Ethics Officer, Tata Sons) in presence of other dignitaries.

“Given XLRI’s Jesuit background as an institution with grounding in social justice, we have always stressed upon the importance of pursuing an ethical code of conduct both in the workplace and in the business world. We believe that no management education curriculum is really complete, unless and until the students are instilled with a set of enduring values - that are indispensable ingredients for any aspiring business leader in today’s world. It is for this reason that a core course on “Managerial Ethics” is compulsorily offered to all our students at XLRI since early nineties,” remarked Fr. E Abraham, S. J. Director of XLRI.

Mr. Mukund Rajan, Brand Custodian, Member, and Group Spokesperson - Group Executive Council, Chief Ethics Officer, Tata Sons said, ’India needs to create a positive environment for whistle blowers since  anonymity is a concern. We would have to adopt similar policies followed in developed economies where whistle blowers are considered an essential aspect of corporate governance.’’

Fr. Ozzie Mascarenhas, S.J. JRD Tata Chair Professor of Business Ethics at XLRI and founder of XLRI Ethics Research Center (XLERC) and the host of the event said, “Ethics deals with human behavior and is currently reckoned as a responsible action program for the betterment of individuals, groups, organizations and societies. Ethics empowers us to chart and live a new value-laden direction in life. It becomes relevant wherever people interact and function together. Hence, every field of business such as planning and strategy, accounting, finance, human resources management, business law, marketing, business research, and production management involves ethical issues and challenges”.

“Most corporate failures today reflect low levels of wisdom and phronesis, low level of ethical maturity, and often, a badly trained conscience.  In the past two decades, corporate fraudulent business practices have precipitated cash crises and subsequent bankruptcies - consider Enron, WorldCom, Global Crossing, Qwest Communications, and Tyco; Satyam, 2G, 3G, CWG and Sahara. Organization that stays ethical in all its products and services will have corporate advantage that translates to higher revenues, market share, profitability, and market capitalization,” he remarked.

“The researches of XLREC focus on major classic and modern ethical concepts, constructs, theories, paradigms, models, strategies, cases, and best practices in the areas of basic ethics research and applied ethics research. Specific soft skills in ethics research include those of executive ethical thinking, understanding and explaining, executive moral reasoning, ethical reasoning, rationalizing, and decision-making, ethical problem-identification, formulation, specification, alternative solutions valuation and final selection of best solutions, and ethical planning, strategizing, choosing, implementation, monitoring, prediction and control,” Fr. Mascarenhas further added.

Fr. E Abraham, S. J. Director of XLRI, remarked, “Ethics is a subject which most people and organisations will want to discuss and strive to achieve, for in doing so, they will be addressing the Interests of all their stakeholders. After this conference we look forward to host many similar Conferences to discuss global and national issues concerning ‘Corporate Ethics that lead to Corporate Advantage'.”

 The Conference included various panel sessions on topics such as:
  • Relevance of Business Ethics: Moving beyond Compliance to a Way of Life
  • Shades of Grey – Failure of Ethics in organizations, and Remediation points from Policy,    Organization and Behavioral angles
  • Ethics as a Sustainable Competitive Advantage – Best practices for Sustainability
  • Operationalizing Ethics in Business Models- Lessons for Social Enterprises
  • Future of Corporate Ethics – Building an Implementable Framework for Organizations through   Corporate Entrepreneurship
Among the panelists at the conference were – Mr. Amit Chopra(Managing Director, Thermo Fisher Scientific, India), Mr. Arvind Vasudeva (CEO Formulations, Aurobindo Pharma), Mr. K Ramkumar (Executive Director on the Board of ICICI Bank & President of ICICI Foundation) , Mr. K S Kumar (VP, Human Resources, Castrol India Ltd), Ms. Meera H Sanyal (Chairperson, Urban development Committee at Indian Merchants’ Chamber), Mr. Michael P Pinto (Former Secretary, Shipping Ministry, GoI), Mr. Milind Sarwate (Founder and CEO, Increate Value Advisors LLP), Mr. Parshuram Date (Chief Risk Officer, Chief Internal Auditor and Chief Ethics Counselor, Tata Power), Mr. R Ramakrishnan (Vice Chairman, Joint MD and Group CEO, Polycab Group), Mr. Raman Madhok (Managing Director, CMI FPE Ltd & CMI Group Head – South Asia), Mr. Royston Braganza (CEO, Grameen Capital India) , Mr. Saumen Chakraborty (President, CFO and Global Head of IT & BPE at Dr. Reddy’s Laboratories), Mr. Srinivas Kantheti (Member, Group Management Center, Wadhawan Global Capital,) Mr. Suresh Gupta (Executive Chairman of Huhtamaki-PPL Ltd.) and Ms. Swati Rustagi (ex- Executive Vice President & Head Global Human Resources, Glenmark Pharmaceuticals).

The conference has been sponsored by Tata Group supported by Tata Steel and Tata Power with Reckitt Benckiser as the Co-Sponsor.


About XLERC
Founded in May 2014 under the auspices of the JRD Tata Chair of Business Ethics, XLRI Ethics Research Center (XLERC) aims at creating an ethics research-based knowledge center where both industry and academia will be able to find and reflect on resources in business ethics and allied issues, disseminating through Management Development Programs (MDPs), Management Training Programs (MTPs), and Faculty Development Programs (FDPs) on business ethics, ethics research and teaching ethics at organizations and educational institutions. It will also organize Ethics Research Conferences periodically in metropolitan cities of India and abroad, in active collaboration with XLRI Alumni Chapters of those cities.
 
About XLRI
XLRI-Xavier School of Management, Jamshedpur is a premier, private management institute in India founded in 1949 by Fr Quinn Enright, S.J. in the ‘steel city’ of Jamshedpur (www.xlri.ac.in). Over the last six decades, the institute has grown and ranks 1st in the country among the private Business Schools of international repute with a wide portfolio of management programs and research publications. Its alumni are spread around the globe and have demonstrated responsible business leadership in their organizations. XLRI continually strives to contribute its mite to the professional growth and management of numerous organizations and institutions across industry sectors.
 
Stay informed, Stay ahead and stay inspired with MBA Rendezvous

Crucial Dates, You Should not Miss

Manav Rachna International Institute
of Research

Admissions Open for all MBA programme at Manav Rachna International Institute of
Research and Studies.
CII School of Logistics Amity University, Delhi and Mumbai
Admissions Open at CII School of Logistics Delhi and Mumbai campus, Apply Now!
GITAM School of International Business, Visakhapatnam
Admissions open for MBA programmes at GITAM. Application Deadline is February 20, 2018
XIME
Application Last Date for Online Submission - February 25, 2018
TAPMI, Manipal
Last date extended to 11 February, 2018. Apply Now.
BIMTECH, Greater Noida
Admissions open at BIMTECH, Greater Noida
Lal Bahadur Shastri Institute of Management
Admissions are Open at LBSIM, Delhi. Apply Now !
FORE School of Management
Apply for PGDM & PGDM-IB Programmes. Application Deadline is January 18, 2018.
MDI Murshidabad
Applications for PGPM 2018-20 at MDI Murshidabad are open
NIRMA
Last Date to Apply for MBA (Full Time) Programme at NIRMA is January 29, 2018
Institute of Public Enterprise, Hyderabad
Last Date to Apply for IPE, Hyderabad is 21st January, 2018
IMI New Delhi
Admissions Reopened for PGDM Last Date to Apply January 21, 2018
Application closes on February 12, 2018 for Executive PGDM at IMI
Institute of Rural Management Anand
IRMASAT will be conducted on February 4,2018, Apply Before January 20,2018
ICFAI Business School
Admissions Open at ICFAI Business School Apply Now!
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
SDMIMD Mysore
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018
img

Admission Open Now

Following Colleges are accepting applications.

INTERNATIONAL MANAGEMENT INSTITUTE

Admissions open for 2018-20

PGDM, PGDM (HRM), PGDM(B & FS), Executive PGDM

Apply Online
Get Connected with your Dream College  
Get Connected with your Dream College

Thank you